E Fund Management Co. Ltd. Acquires 3,857 Shares of Copart, Inc. (NASDAQ:CPRT)

E Fund Management Co. Ltd. increased its holdings in Copart, Inc. (NASDAQ:CPRT) by 32.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,793 shares of the business services provider’s stock after purchasing an additional 3,857 shares during the period. E Fund Management Co. Ltd.’s holdings in Copart were worth $906,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CPRT. Quarry LP bought a new stake in Copart in the third quarter worth $29,000. Ashton Thomas Securities LLC bought a new stake in Copart in the third quarter worth $33,000. True Wealth Design LLC increased its position in Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in Copart in the fourth quarter worth $54,000. Finally, Continuum Advisory LLC increased its position in Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after purchasing an additional 452 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 315,480 shares of company stock valued at $18,007,983. 9.68% of the stock is currently owned by insiders.

Copart Price Performance

NASDAQ:CPRT opened at $53.74 on Friday. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The company has a 50-day moving average of $57.25 and a 200 day moving average of $55.94. The firm has a market cap of $51.92 billion, a PE ratio of 36.07 and a beta of 1.30.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Sell-side analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th.

About Copart

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.